Markets

Morning Platinum Market Report

The platinum market could not hold overnight gains, and has moved into negative territory this morning. The news that the Zimbabwe was moving to take a controlling interest in some platinum mines has been seen by some traders as a long term positive for platinum prices, as the involvement of government forces may be a development that ultimately reduces platinum production since governments rarely increase efficiency and production in the areas they enter into. Chinese Industrial Production during April was up 13.4% year-on-year, lower than forecasts and could indicate lower platinum demand from China over the upcoming few months.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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